Shares of Antofagasta plc (ANTO.L) (LON:ANTO) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1,077.42 and traded as high as $1,436.70. Antofagasta plc (ANTO.L) shares last traded at $1,428.18, with a volume of 711,475 shares.
Separately, Barclays increased their price target on Antofagasta plc (ANTO.L) from GBX 725 ($9.47) to GBX 875 ($11.43) and gave the stock an “underweight” rating in a research note on Tuesday, September 15th. Four equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. Antofagasta plc (ANTO.L) currently has a consensus rating of “Hold” and an average price target of GBX 935 ($12.22).
The company has a debt-to-equity ratio of 27.47, a current ratio of 2.34 and a quick ratio of 1.99. The business’s 50 day moving average price is GBX 1,263.91 and its 200-day moving average price is GBX 1,082.66. The company has a market cap of £14.20 billion and a P/E ratio of 42.48.
Antofagasta plc (ANTO.L) Company Profile (LON:ANTO)
Antofagasta plc, through its subsidiaries, primarily engages in the exploration, evaluation, development, and mining of copper properties in Chile and internationally. It operates through Los Pelambres, Centinela, Antucoya, ZaldÃvar, Exploration and Evaluation, and Transport segments. The company produces copper concentrates containing by-products, such as molybdenum, gold, and silver; and copper cathodes.
Recommended Story: VIX – Volatility Index